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SEC targets Robinhood with legal action SEC targets Robinhood's cryptocurrency business

The US Securities and Exchange Commission (SEC) is considering taking enforcement action against Robinhood's digital currency arm following the Wells notice.  In this warning, the possible violation of the Stock Exchange Law is mentioned.

⚡️This follows the previous challenges of #RobinHood
 1️⃣ $65 million settlement with SEC for misrepresentation of earnings
 2️⃣ A $30 million fine from New York regulators for AML and consumer protection violations

 Critics argue that the SEC is disproportionately targeting cryptocurrencies